Naira Edges Lower to N1,383.5/$ as Reserves Slip to $49.6 Billion
On Tuesday, the naira softened to N1,383.5 per dollar, down from N1,383 recorded the day before. The currency traded within a range of N1,372 to N1,389 during the session. Market liquidity remained moderate with cautious trading in the Nigerian Foreign Exchange Market. Total interbank turnover reached $83.44 million across 88 deals. External reserves dipped to $49.6 billion as of March 23, highlighting ongoing pressure on Nigeria’s forex buffers, according to data from the Central Bank.
Use The App To Win ₦1m
Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.